.. >> breaking news this morning. all i stumbled after falling over 2% yesterday the precious metal sink in another six bucks overnight. we will have an update to investors focusing on apple and its profits that come out jeter today. many questions about sales of the apple watch. the answers may be hard to find. the ceo of toshiba resigned after a massive accounting scandal. we will have that story. and now make it sweet 16. ohio governor john kasich, the latest republican to throw his hat in the very large gop presidential rain.
check in on u.s. stock market futures ahead of the opening bout we have the mixed markets to tell you about. features down 18 points but the nasdaq heading up closing yesterday at third record high in a row. good morning, everybody. i am dagen dowell in for sandra smith. i am here with lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at today's markets, the latest breaking news and what to expect in your day had good gold down sharply overnight claim its way back to nicole is following that. what is going on? nicole: gold futures are stabilizing after trading lower for the eighth straight day. gold prices on their lowest level in more than five years and investors continue to pull back from commodities overall. iron ore, cotton, a slew of commodities that the selloff driven by expectations that the
federal reserve will raise costs in the coming months. investors believe that will further burst the u.s. dollar. pressure commodity prices further. fox business yesterday, there was a better than 50% chance that the fed will raise rates in september. >> the main problem is we are an emergency setting for monetary policy. we've still got a zero interest rate. the economy as a whole you can complain about this or that been sluggish, but it is not emergency. dagen: bowler did a great interview with our own peter barnes and the fed wants to avoid even a situation where faces a major bubble developing an economy the next couple years basically saying they want to get ahead of the curve and we will see inflation on the rise in lake supermarket black will end for the hike in september. he is not a voting member.
lauren: "the wall street journal" just did a study. dagen: better to move and get it out of the way. ladies, let's get you caught up in global markets. in asia, stocks finishing higher. shanghai up for the fourth trading day in a row. japan's nikkei was folly of the holiday adding almost 1%. in europe you can take a look at how markets are faring there. slight losses across the board. fear lately out of the equation. the reason gold is falling. u.s. stock market futures mix that the nasdaq hit another all-time high. investors focus like a laser beam on earnings from apple. lauren has a preview. lauren: apple earnings take center stage. expected to toward another blowout order. the ps2 comment at another dollar in 1 cents per share.
the i.t. of the s&p expected to grow q2 earnings by 2.8% from last year but excluding apple growth is estimated to be negative 4%. we are positive because of apple essentially. apple has some stuff to worry about. china is the fastest growing markets are medically slowly. going forward based on the china exposure. apple will not tell us how many watches they have sold, but they will include the sales and a category called other products. if the numbers greater than $1.7 billion, you know it smash hit and a strong u.s. dollar could affect apple's gross margins expected to reach 39.5%. shoot i see this? the company hired the auto veteran according to this link and page. there is the page.
dagen: applecart rococo car. i would buy almost any car except a tad slow for some reason. complete apple coverage this afternoon as the result at 4:30 eastern time right here on fox business. we will also get results from two more tech heavyweights. nicole has more on that. nicole: we are talking so much tech. and adjusted fourth-quarter profit of 56 cents per share. revenue $22 billion. the number expected to fall 6% year-over-year due to climb in sales windows software, and you are the three things to watch when you talk about microsoft. a nice one year chart for you. what is the strategy for microsoft windows smartphone and information on how the windows can operate will affect the company's financials coming out next week along with revenue from the class software. that is the area that shows
strength. yahoo! expected to earn 18 cents per share for the second-quarter sharply below last year's 37 cents on revenue of $1.3 billion. investors will look for news on thecompany's stake in yahoo! and japan and whether they will affect the spinoff of its stake in alibaba group. last time they had a $2 billion tax bill. they have to figure out how to spinoff their $30 billion stake in alibaba and not get hit with a tax bill like last time. dagen: nicole, thank you so much. shares of ibm punished in extended trading. stock dropping 5% of the company reported its revenue fell for the 13th straight quarter. revenue tumbling 13%, $20.8 billion miss the estimate. adjusted earnings of $3.94 per share better than expected. ibm struggling to adapt to big
changes in the way businesses buy software and other commercial technology. shares of qualcomm rising more than 3% after hours following "the wall street journal" the port that the company is expected to make a strategic review that could lead to a breakup of the company. the chip maker under pressure from activist investors spin off from this profitable licensing business. there's also reports they are preparing to cut jobs. we might learn more in the report earnings tomorrow. micron technology was second thoughts being taken over by shyness shine light into. the the situation telling reuters micron has said the $23 billion offer is not realistic because u.s. authorities due to national concerted concerns. following 6% in yesterday's session. a major shakeup at toshiba. the chief executive has resigned
a day after a panel said he and other executives are responsible for several years of overstated profits. the panel said executives overstate their profit by a million dollars and set unrealistic profit targets. 16 board members stepping down along with tanaka. ohio governor john k-6 jumping into the 2016 white house race. the second term republican governor and former congressman set to launch his campaign today. in case it was also at lehman brothers managing director. he will make the announcement 11:35 a.m. eastern time. we'll carry the speech live on the fox business network. donald trump may be trying to an extend an olive branch to the gop. the presidential candidate was on the o'reilly last night and appeared to back off criticism of senator john mccain's military service.
>> i have respect for senator john mccain. i used to like him. i raised a lot of money for his campaign against president obama. certainly if there is a misunderstanding i take that back. dagen: iowa's largest newspaper "the des moines register" colin comments about senator mccain disgraceful and calling for him to drop out of the race. astronomers are embarking on the most intensive search for alien life yet. stephen hawking has helped launch a $100 billion search for alien life beyond the solar system, leaving researchers have secured time on two of the world's most powerful telescopes in the united states and australia to scan the milky way neighboring galaxies for baby or transmissions that could reveal the existence of a software. blake shelton and miranda lambert calling it quits after four years of marriage to singer
is announced they are getting a divorce. i think that way because they are both super, super country. they then played with turmoil throughout the marriage. the pair met 10 years ago while performing together at the cmt taping somewhere alongside this country musics profile that the rumors are not true. as far as the british open goes down to the wire as americans act johnson prevails. >> i am going to relish this come to savor this. i am humbled by this. my legacy should be my kids, my family. dagen: johnson had to find its way through a three-way playoff to come out on top. more of the highlights. a wild ride for gold investors after falling sharply overnight, gold prices coming back. we will have a date checking or u.s. u.s. stock market futures. the nasdaq is trying for another
record. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ when broker chris hill stays at laquinta and fires up free wi-fi, with a network that's now up to 5 times faster than before you know what he can do? let's see if he's ready. he can swim with the sharks! book your next stay at lq.com!
>> i haven't got a stretch on me. more than emotional and mental assertive drama right now. i'm just lucky it got people around me and great friends who keep me up. dagen:'s ballets champion nick fannie in reaction to his chart off south africa. a skier caught up in the world stock markets in asia. stocks finish the day higher. shanghai at the fourth day in a row. japan's nikkei back trading
following the holiday on monday and the market gained almost 1%. over in europe so mixed market with the dax in germany barely in the green at the moment. same story the united states or it has been mixed markets. nasdaq the only one. a check on gold. gold in a downward spiral. you can see it's rebounded slightly better. up 60 cents per ounce, oil down. take a look at your currency there. the 10 year treasury by the way you can see 2.37%. renate and a three year fixed mortgage rate for yourself before they start going up again. sports, and already extended program and a four hole playoff with zach johnson from the united states by merging the champion for his second major golf title. the 2007 masters chance to control on the first two playoff
holes reduced to send missed a 12-foot putt on the last hole. jordan spieth missed the playoffs at the the playoffs with a chance at his third major title of the year by one stroke. in baseball from the washington nationals increasing a 70 to win. they jumped on that harvey for five runs, first three innings. clint robinson drove in two runs but yet had a two run homer. a rare event in anaheim. that's because of sunday's rainout which was the first in 20 years. three home runs as the angels for the rest tax 11 to one andy 73 and then make a period who holds in both games for the first time in his career passing mike schmidt for 15th place on the all-time lows. poor, poor red sox. what can we do for you?
in the meantime, volatility continues after dropping another six bucks overnight. gold prices coming back here to get you an update. trio, a tech giant to her at their process and will tell you what to look for for michael -- apple, microsoft and yahoo!. go daddy go. nasdaq dagen: had higher once again. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ why should over two hundred years of citi history matter to you? well, because it tells us something powerful about progress: that whether times are good or bad, people and their ideas will continue to move the world forward.
as long as they have someone to believe in them. citi financed the transatlantic cable that connected continents. and the panama canal, that made our world a smaller place. we backed the marshall plan that helped europe regain its strength. and pioneered the atm, for cash, anytime. for over two centuries we've supported dreams like these, and the people and companies behind them. so why should that matter to you? because, today, we are still helping progress makers turn their ideas into reality. and the next great idea could be yours.
the precious metals and another six bucks overnight before clawing its way back. investors also focused on apple profits later today. many questions about sales at the apple watch. the answers are hard to find. we've been taking. the ceo of toshiba resigns after a massive accounting scandal. now make it a sweet 16. ohio governor john k-6, the latest republican to put his name in the ring. the stock market futures ahead of the opening bell. the doubt to 18-point. the nasdaq after hitting another record high yesterday has not. good morning, everybody. i am dagen dowell and forage sandra smith appeared to wake you up with lauren simonetti and nicole petallides. you are watching "fbn:am" with the latest breaking news and what to expect the day ahead.
hold down over night crawling its way back. >> vocals settled yesterday at the lowest level since march 30th 2010. shows you how gold is sold off in futures now stabilizing after trading lower for eight straight days. gold prices to the powerless untrammeled was level with investors to pull back from commodities. it's been driven by expectations the federal reserve will raise the cost in the coming. investors believe that will further boost the dollar and pressure the commodity prices. we see commodity prices under pressure. oil under 50 bucks, just to name a few. yesterday is a 50% chance in september. >> we are on emergency settings. the huge balance sheets, zero
interest rates. the economy as a whole you can complain about this or that being sluggish, but not an emergency. dagen: alert telling our peter barnes that they want to avoid being a situation where faces a major bubble in the economy over the next couple years saying they have to get ahead of the curve. the labor market will ultimately end and sat with a strong dollar we are seeing commodity selloff in a big way. the fund managers that bet on gold are the lowest amount since 2006. everyone is backing away. dagen: thank you, nicole. in asia stocks finish in the day higher. the shanghai at the fourth trading day in a row. adding almost 1%. in europe, stocks are largely lower. a small gain of the moment and here in the united states the stock market futures pointed in
its third record high in the low. yesterday. investors will be focused like a laser beam from apple later today. lauren. lauren: they are expected with another blowout quarter. eps to come in at $1.81. revenues topping $41. the text that you will be banking apple. tom rider said the s&p 500 is expected to grow by 2.8% year-over-year but excluding apple that growth is estimated to be negative 4%. yet apple's got stuff to worry about. first is china, apple's fastest growing market with 17 billion in revenue last quarter. china is dramatically slowing. but to see if apple to lower expectations going forward based on exposure. there's the watch. apple will not tell us how many watches it sold but it will include the number that they
call other products. at the categories >-greater-than-sign $.7 billion. we will see about that. the dollar, the strong u.s. dollar could affect the growth margins expected to reach about 39.5%. by the way, apple's next big thing could be electric cars. the company hiring the auto veteran does best according to his 19 page event from chrysler to operations at apple back in july. dagen: google, apple and all your major park on this working. lauren: detroit opened a major facility to test the driverless technology. they were saying we know everything about cars. we don't want to be left out. apple a great stack of 20% this year. sales in china up 70%. here's the thing. a lot of people in china with
all the apple iphone's. they want the new one. hopefully they will step up. lauren: almost 50 million in the quarter is the expectation. dagen: will also get results. nicole has been for a [inaudible conversations] are soft and yahoo!. microsoft is acted to report an adjusted fourth-quarter profit of 56 cents per share from a year ago to $22 billion a month of things to watch here, a new strategy for microsoft's windows smart phone and information on how the windows can upgrade will affect the company's financials. we just bought a mac, first in the household of her. yahoo! and the meantime expected to earn 18 cents sharply below last year's 37 cents per share on revenue of $1.03 billion. investors will look for news and yahoo! japan and whether a possible change in u.s. tax regulation will impact the
spinoff of its stake in alibaba groups. something to talk about earlier in the show. coming up, sam's club, the latest retailers to get hacked. we will tell you who is at risk this time. a crazy ride for gold investors after dropping another six bucks overnight, gold prices coming back. what are your stock index futures doing? dow and s&p are down ever so slightly dagen: d. got a record high. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
dagen: what do you conduct on global markets. and a shack in the stocks finishing the day higher. shanghai up for the fourth trading day in a row. japan's nikkei was back open after monday's holiday with almost 1%. in europe you type fixed markets. the dax at the three major markets the only ones in green with the same story in the united states. the dow and s&p lowered after hitting his third record high in a row trying to make it another one. possible data breaches impact an online photo printing stores with the giant retailers. what is happening?
lauren simonetti be careful with your photos. this is cheating spouses after the adultery website. your photos might be at risk, too. half a dozen printing stores including costco, right in sam's club. i checked about the websites and they are warning of a possible data breach as pni media, the company and this company and buy staples that manages their photo website. pni does not process all of the credit card information in the retailer's main website were not affected. it seems like everything you do, everything you buy at any store, and a photo, the information. dagen: cybersecurity stocks are still in focus. just when you don't want your information compromise, ashley madison. thank you, lauren.
coming up, investors focused on how many watches apple sold when it reports earnings today. the watch numbers might not be easy to read. we will tell you why. what would you do with $100 million. the above search for alien life. that is the famed cosmologist steve hawking plans to do. we'll tell you all about it. u.s. stock market futures have market futures with the nasdaq headed higher again. you are watching "fbn:am," your first look at morning markets and breaking news. ♪
overnight train to cause playback. we will have an update. investors focused on apple profits later today. many questions about sales at the appalachian answers may be hard to find. the ceo of toshiba resigning over a massive accounting scandals. that story ahead. now make a sweet 16. ohio governor john kasich, the latest republican to throw his hat in the very large gop presidential rain. stock market futures at the opening bell. dow and s&p are lower slightly with the nasdaq trying to make another record high. good morning everybody. i am dagen dowell and for sandra smith. i am joined by lauren simonetti entrance. this is "fbn:am," welcome to your first look at today's markets, the latest breaking news and what to expect in your day ahead. go a lot sharply overnight claiming its way back. transfer golds features are
stabilizing after trading lower and fall into the lowest level in more than five years as investors pulled back from commodities. the lowest since march 30th at 2010. been driven by expectations the federal reserve will raise the borrowing costs in the coming months. investors believe that will further boost the u.s. dollar and pressure commodity prices further. st. louis fed president james woolard telling us yesterday there was a better than 50% chance that the fed will raise interest rates in september. >> the main problem is we are in emergency settings for monetary policy. we still have a huge balance sheet, dear interest rate. the economy you can complain about this or that but it is not an emergency. nicole: bullard telling peter barnes that we don't want to be the situation we face a bubble
in the u.s. economy over the next couple years. basically saying they have to get ahead of the curve. we've been talking about the lift off for some time. even though the imf as we push up the rate hike until next year, it is still there. dagen: we are driving the bus, not the imf. thank you a medical. tenacious stocks finishing the day higher. shanghai up for the fourth day in a row, in europe stocks are mixed but you now have friends in the grand an addition to germany. and the u.s., stock index futures have mixed marcus at the nasdaq at the third record high lauren: affords. investors focused like a laser beam on earnings from apple later today. lauren, what is unfair? transport bps to come in at $1.81 per share. topping $49 billion the tech sector will probably stay thank you, apple. the s&p expected to grow by 2.8%
year-over-year. if you take out apple, growth is estimated to be negative 4%. so that apple has got stuff to worry about to appear that china, apple's fastest growing market by four is dramatically slowing down. why should see if apple lowers expectations going forward based on a china exposure. the apple watch will not tell us how many sold, but they will include watch sales in a category called other products. the number is greater than $1.7 billion coming out to watch as this mashup for the company. the strong u.s. dollars expected to reach 39.5%. by the way, one more thing. apple could top electric cars. company hired otto sat around according to his linking page. he went from chrysler to operations at apple. the dollar highest since april
april 23rd. it shows how strong u.s. dollars hour. dagen: higher rate from a stronger currency. thank you, ladies. we love complete coverage at 4:30 eastern time. don't miss a minute of that. also results from two more tech heavyweights. a lot to watch. microsoft expect to just said fourth-quarter profit of 56 cents per share, revenue $22 billion in the revenue number to fall 6% year-over-year due to declining sales of windows software is pc sales continue to weaken. here are three things to watch for. a new strategy for microsoft windows smart phones. information about the windows can operate. that is coming out next week along with revenue from its class this class software, great money generator. yahoo! expected to gained 18 cents per share on revenue of
$1.03 billion investors will look for news on the company's stake in yahoo!, japan's and whether a possible change in u.s. tax regulations will affect the spinoff of its stake in alibaba group. they sold a further $82 billion tax bill they don't want to do that. after the bout with apple, chipotle, yahoo! and go pro. dagen: thank you, nicole. shares of ibm dropping more than 5% after the company reported revenue fell for the 13th straight quarter. revenue topping more than 13% at $20.8 billion, missing the estimate. adjusted earnings of $3.84 per share better than expected. ibm struggling to adapt to big changes in the way businesses buy software and other commercial technology. shares of qualcomm rising following a "wall street journal" report that the company is active to make a strategic review that could lead to a breakup of the company.
the chipmaker under pressure once again from an activist investor from hedge fund partners to spin off its chip business from its very profitable patent licensing business. also reports that qualcomm is preparing to cut jobs. we might learn more when the company reports earnings tomorrow. micron technology having second thoughts about being taken over by china's chainwide unit group. people familiar with the situation telling reuters micron has told us it is a $23 billion offer is not realistic against u.s. authorities would block the deal due to national security concerns. talk about it on the maria show. shares of micron .6% in yesterday's session. a major management shakeup and toshiba. chief executive tanaka has resigned a day after he and other executives are responsible for several years of overstated profits. the panel said executives overstated profits by more than
a billion dollars in set unrealistic profit targets. 16 board members stepping down. ohio governor john kasich jumping into the 2016 white house race. the second term republican governor set to launch his campaign today at ohio state university. kasich also worked at lehman brothers at one point. he is expected to make the announcement at approximately 11:35 a.m. eastern time paper will carry the speech live on the fox business network. donald trump trying to extend an olive branch to the gop. the presidential candidate on "the o'reilly factor" last night and appeared to back off a bit of his criticism of senator john mccain military service. >> i have respect for john mccain. i used to like him a lot. i raised a lot of money for his campaign against president obama and if there was a misunderstanding i would totally take that back. dagen: in the meantime, i was
largest newspaper "the des moines register" call and the comments disgraceful. the paper joining others in calling for him to drop out of the race. space x ceo elon musk says an unusual structural failure is the cause of last month's explosion at an unmanned falcon nine rocket. faulty metal support restore the rocket in the cargo castle carry more than $100 million in supplies. basque saying he expects space x servers and cargo missions to the space station as early as september. astronomers embarking on the most intensive search for alien life yet. stephen hawking hope to launch a $100 million search for alien life beyond the solar system leading researchers to the world's most powerful telescope in the united states and australia to skin the milky way and neighboring galaxies for radio emissions that could reveal the existence of life
elsewhere. but not this. very end quote. blake shelton and miranda lambert calling it quits after four years of marriage the two singers announced they are getting a divorce. the couple plagued by rumors of relationship turmoil throughout their marriage even before they got married. the pair met 10 years ago while performing together at a taping and were long thought of as country music's highest profile couple, but they are no more. coming up in sports the british open goes down to the wire as american jack johnson prevails. >> i am going to relish this. i will savor this. i am humbled by this. but you know, my legacy should be my kids. my family. train to a humble winner. a three-way playoff to come out on top and indeed he did. we'll have more highlights. volatility continues in the commodity markets after another sharp drop overnight. we will have an update there.
take a look how stocks are doing in the futures market. dow and s&p lowered at the nasdaq may be a fourth record high enough though. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night, it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat. now, two things that are exactly the same, have never been more different. ge software. get connected. get insights. get optimized.
champion surfer reacting to the jaws of the giant shark off south africa appeared to video group in the world. talk about your world stock markets with a check on a shoot first. stocks finishing the day higher. shanghai at the fourth day in a row, japan's nikkei back on the holiday money on 1%. in europe you agree now on france and germany. the ftse slightly lower. the dow and s&p slightly lower but the nasdaq naming for a fourth record high in a row. the gold selloff continued overnight, but now you have seen gold rebound of 10 cents an ounce near five-year lows. returning to sports, and r. dickson the british open decided in a playoff. zach johnson from the united states emerging champion for his second major golf title. he won the 2007 masters and they
took control with birdies on the first two playoff holes and missed a 12-foot putt on the last hole. the title was johnson. jordan spieth missed making the playoffs and a chance at his third major title of the year by one stroke. in baseball the washington nationals increasing their lead to three games with a 70 to win. they jumped on matt harvey for five runs in the first three innings. clint robinson drove in two runs while they had a two run homer. a very event in anaheim. and angels doubleheader because of sunday's rain out which was the first in 20 years. albert who holds a 23 runs -- three runs in the opener and 73 minute cap. the homer did both games for the first time in his career passing mike schmidt for 15th place on the all-time list. sorry, sorry red sox.
before you head out the door, let's get a look at your tuesday forecast at fox pitt urologists maria molina. reporter: good morning. the big stories the heat that continues across parts of the south and east coast. as a look at the forecast heat index values today talking triple digits in parts of the carolina down into georgia and montgomery and vicksburg. this afternoon above feel like 106 degrees. heat advisories across these areas and mornings as well across parts of the carolina. index values in the triple digits of the showers and storms forecast of cars parts of the northeast and further west into the plains. some storms do have potential to produce severe weather so have a way to get the warnings about the day-to-day in this area. the issue has been diminishing. we still do have some watches in effect across parts of nevada.
when broker chris hill stays at laquinta he fires up the free wifi, with a network that's now up to 5 times faster than before! so he can rapidly prepare his presentation. and when he perfects his pitch, do you know what chris can do? and that is my recommendation. let's see if he's ready. he can swim with the sharks! he's ready. la quinta inns & suites take care of you, so you can take care of business. book your next stay at lq.com! la quinta!
limit a young person's dreams. for many though, the dream of attending college burns bright despite life's adversities. thanks to the horatio alger association, opportunities are created exactly for these deserving young people. since 1984, more than one hundred million dollars in college scholarships has been invested by the members and life partners of the association. learn more at horatioalger.org sandra: big market check for you. stocks finishing the day higher. the hang seng and the nikkei gaining 1% after being closed on monday. over in europe, you have the own of those are the three biggies dared his england. france and germany having higher versus lately. mixed markets with modest loss on the dow futures. optimism there.
maybe a fourth today. you have selling and called up a little bit after its big tumble and oil down as well. and then you see currency around the world and the 10 year treasury impacts paid on our deposits. the tenure is about 2.34% am guessing. i don't have it in front of me. time now for sandra smith, "mornings with maria." she is in for maria bartiromo. train to see you just a bit. the morning. and sandra smith and for maria bartiromo. it is tuesday, july 21st. attorney mercedes coleraine. here are your top stories at 6:00 a.m. and east coast. gold once again trading at its lowest level in five years as more investors prepare for the federal reserve to raise
interest rates. features showing the markets right now are trending to the downside, pointed to a lower open a couple hours from now. nasdaq futures holding onto a slight gain. soaring temperatures across the country again today. the national post in and national post and manic and atmospheric administration same records were broken for the month of june and 2015 is lining up to be the hottest year ever. ohio governor john kasich will add his name to the practice field of candidates running for the white house on the republican side. kasich has plenty of experience in washington serving in from 1983 through 2001. donald trump passing the latest abc "washington post" poll taken in 24% of the republican field. that came down before trump's comments about senator john mccain who he doesn't regard as a war hero. trump told bill o'reilly last
night that the senator has not done anything for war veterans. >> he is supposed to be doing it. i see him on television all the time and as i was talking, talking, but i think it done. the veterans are living in. they are hurting and cried. sandra: more on that in a bit. ahead of the opening bell, looking for $1.1 per share up from 91 cents a year ago. apple reporting after the close today. "the wall street journal" saying the iphone accounts for 70% of apple's revenue and remains the company's most profitable hardware products. qualcomm which supplies many chips for the iphone is looking at the possibility of a breakout. the company will review its options after an investor pushed for change as the chipmaker. seth blatter, the notorious president of the world soccer